Platinum rally stalls on speculation miners may boost selling

London, Feb 7 (Bloomberg) Platinum's four-day rally stalled on speculation mining companies will increase sales to take advantage of prices at a 16-month high. Platinum dropped 0.1 per cent to USD 1,735.40 an ounce after trading as high as USD 1,742.80, the most since September 2011. Gold was little changed at USD 1,676.85 an ounce. Platinum traded above gold last month for the first time since April. Returning the company's platinum unit to profitability will be his main challenge after strikes last year wiped out earnings, Anglo American's outgoing CEO Cynthia Carroll said. Platinum has jumped 13 per cent this year compared with gains of 4.9 per cent for silver and 0.1 per cent for gold. Platinum mostly used in pollution-control devices in cars. (Bloomberg) RS KPS RAH DKR 02071754 NNNN